$7,400,000
This is a premier 13-unit property with spectacular ocean views. As one of the nicest buildings in town, it is located within walking distance of the beach. Please call the listing agent regarding current loans of record. The large units feature ocean views and are always rented. All units are upgraded and include balconies overlooking the ocean.
Rents are currently very low. The unit mix includes 2-bedroom, 1-bath units at $2,500 per month; 2-bedroom, 2-bath units at $3,000 per month; and 3-bedroom, 2-bath units at $3,500 per month. This results in a monthly income of $37,000, totaling $444,000 yearly.
If you have any questions about selling your home, or would like to view this or any Laguna Beach properties you may be curious about, please don't hesitate to contact us or call (949) 464-1063 for assistance.
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